Municipal Yields Rise in Light Trading

AUTHOR(S)

Chesla, Nicholas

PUB. DATE

December 2002

SOURCE

Bond Buyer;12/16/2002, Vol. 342 Issue 31533, p2

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

Reports on a decline in the yields of municipal bonds in the U.S. on December 13, 2002. Reasons for a fall in the yields according to economist at HSBC Securities Inc. Ian Morris; Impact of reduction in auto prices on the overall producer price index.

Reports the growth of the municipal bonds in the U.S. Testimony from Federal Reserve Board chairman Alan Greenspan. Decline of the Treasury Rise of producer price index; Supply of available bonds in the primary and secondary market.

The article reports that the municipal bond market in the U.S. succumbed to selling pressure when an unexpected surge in the core producer price index sparked inflationary worries and pushed tax-exempt and government bond prices lower. At the end of an abbreviated session ahead of the long...

The article reports that the U.S. municipal bond market eased on strong jump in the October 2004 producer price index (PPI). Traders cited a slow flow in the bond market. The Labor Department reported that the PPI rose 1.7% in October, posting the largest gain since January 1990. The core rate,...